Booked Banquet / Catering / Hotel Facility For Sale
Location:
United States
->
Connecticut
Industry: Food and Beverage > Catering Services
Business Summary
Spectacular Banquet and Catering business and property for sale! 2009 appraisal exceeds $7,500,000 for the property alone and 2007 income exceeded $2.4 million (2008 similar). The fall is booked solid though the owners cut their schedule and only accepted bookings Friday, Saturday and Sunday, so huge upside potential for those who want to grow the business.
The facility Seats up to 1000 inside and an additional 500 outside. It also has a new chapel on premise for those wanting a full service wedding on the property and basic approvals are in place for a 80-120 room hotel. Owner will stay on to train and is also willing to hold 2/3 of the note for the right investor/owner. Email me for set-up.
Financials
Asking Price Range: $5.0M - $10.0M
Gross Revenues:
$2,500,000
Cash Flow:
$1,000,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $9,000,000 plus.
Seller Financing: Yes
About The Business
Year Established: 1975
Number of Employees: 35 - 49
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Owner will stay on if needed to train.
Reason For Selling: Owner retiring.
Photos
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Click on the "I'm Interested" button above for more information on this Food and Beverage > Catering Services business for sale.
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Print Listing Id: 700112645
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